Finding and purchasing the property of your dreams is an adventure, but not one without its hurdles. Here are five expert tips to make your home search a little easier.
1. Get pre-approved:
In order to find your perfect home, you need to know the price range that you qualify for. A pre-approval will tell you the exact amount a lender is prepared to offer you for financing based on your income and the amount you have for a down payment.
2. Work with a realtor:
A realtor offers value and reduces your risk when house-shopping. They can inform you of the specific features each home offers, show you new listings on a daily basis, and provide valuable information on the area. Most importantly, once you find a property that you are interested in, they can assist you by submitting an offer quickly and negotiating the terms.
3. Sign up for alerts:
In addition to using a realtor, consider signing up for notifications from property databases to expand your search. Doing your own research means you are not relying solely on your realtor for your property search. Alerts will also make the process easier for you by allowing you to select the specific type of house you are looking for. For example, if you are looking for a 4-bedroom 2-bathroom property for under $500,000, you will receive an automatic notification every time a property that fits your guidelines hits the market.
4. Carry a checklist on your search:
Make a checklist or wish list of the features that you would like your new home to have. This will help you in the decision-making process and eliminate homes that do not work for you. You can also leave some space and take notes on the features of every home you view so you can easily compare them. This will make you feel more confident with your decision in the end.
5. Always get a pre-purchase inspection:
Many houses have hidden issues that will affect the liveability as well as the value of the home. If possible, you should make an offer contingent on the results of your home inspection. A professional inspector will find all the instabilities that might look minor at the moment, but that can cost you a lot of money to repair in the future.
These are just a few tips that will help you to find the right property. Happy house hunting!